The knowledge linkage between science and technology influences corporate technological innovation: Evidence from scientific publications and patents

Xi Chen, Jin Mao, Yaxue Ma and Gang Li

Technological Forecasting and Social Change, 2024, vol. 198, issue C

Abstract: Scientific knowledge has been shown to be a key contributor to corporate technological innovation; hence, modern inventive firms place a strong emphasis on scientific research. However, little is known about how the knowledge linkage between science and technology (ST linkage) of corporations fosters their technological innovation. In an effort to fill this vacuum in the literature, we investigate how multiple properties of ST linkage influence corporate technological innovation. We conducted a Zero-inflated Negative Binomial regression using scientific publications, patents, and firm-level data from 671 pharmaceutical and 686 semiconductor corporations to test our hypotheses. We find that the higher the proportion of corporations citing their published scientific publications in patents, the more likely they are to produce more patents, and corporate technological innovation benefits from the utilization of scientific knowledge produced in the early stages. Furthermore, the positive effects of the aforementioned factors on the technological innovation performance of corporations are present in both scientific research strategies (e.g., independent vs. joint research). These findings contribute to the understanding of the underlying mechanism of corporate basic research facilitating technological innovation. This study also provides meaningful advice regarding how corporations can enhance their technological innovation through scientific research.

Keywords: Science; Technology; Corporations; Technological innovation (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0040162523006704
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:198:y:2024:i:c:s0040162523006704

DOI: 10.1016/j.techfore.2023.122985

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu ().